Daily Comment on News and Issues of Interest to Michigan Lawyers

03/15/2012

Nonlawyer Ownership of Law Firms: The Best, Or Nothing?

Who's in the driver's seat? Bloomberg News reports that Mercedes-Benz is a potential investor in Jacoby & Myers, the law firm challenging New York, New Jersey, and Connecticut ethical rules against nonlawyer ownership. Jacoby & Meyers is arguing that the rules violate the Commerce Clause and the firm’s rights of free speech and due process.

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Nonlawyer Ownership of Law Firms: The Best, Or Nothing?

Who's in the driver's seat? Bloomberg News reports that Mercedes-Benz is a potential investor in Jacoby & Myers, the law firm challenging New York, New Jersey, and Connecticut ethical rules against nonlawyer ownership. Jacoby & Meyers is arguing that the rules violate the Commerce Clause and the firm’s rights of free speech and due process.